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Card 6

Front

What is a liability?

Back

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Card 7

Front

What is Capital?

Back

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Card 8

Front

How do you work out Net Current assets?

Back

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Card 9

Front

Why would you use a Journal?

Back

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Card 10

Front

Why and which subsiduary books should you keep?

Back

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Card 11

Front

What is the Accuruals concept?

Back

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Card 12

Front

What is the Prudence concept?

Back

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Card 13

Front

What interest will external stakeholders have in the accounts?

Back

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Card 14

Front

What is a Credit Transfer?

Back

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Card 15

Front

What are bank charges?

Back

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